South Carolina State Income TaxesThe state of South Carolina collects income taxes on April 15th, much the way the IRS and 44 other states do.
This page:
• Lists basic South Carolina state tax information
• Links to the major South Carolina income tax forms
• Shows you how you can save time and money by e-filing
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South Carolina state taxes at a glance:Tax Rate Range*: Low - 2.5%; High - 7.0%
Income Brackets: Lowest - $2,570; Highest - $12,850
Number of Brackets: 6
Personal Exemptions: Single - $3,300; Married - $6,600; Dependents - $3,300
Standard Deduction: Federal amount
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: None
Filing your South Carolina state income tax returnThe filing status of your federal and state return is usually the same. However, if you and your spouse are residents of different states, your filing status may be different.
As a nonresident of South Carolina, all income you earn in South Carolina is subject to tax. Individuals earning an income from South Carolina but not a resident individual should file a form SC1040 and Schedule NR.
Residents of South Carolina are taxed on income earned in the state as well as retirement income received from outside the state. However, taxpayers may deduct up to $3,000 of qualifying retirement income annually until reaching age 65. After the age of 65, a taxpayer can deduct up to $10,000 of such retirement income each year.
Similarly, individuals are allowed a deduction from South Carolina taxable income equal to 44% of the net capital gain recognized in South Carolina.
Besides these two tax deductions, South Carolina offers other tax credits and deductions. Some of the more common tax credits are:
• the tuition tax credit
• taxes paid to another state
• earned income credit
For more information on these credits as well as a complete list of credits and deductions, consult the South Carolina Department of Revenue website.
Sidebar
You can work on your South Carolina tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file).
Note: if you are filing more than one state return, you must file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
South Carolina income tax formsThe main South Carolina tax forms are:
SC1040 | 2011 South Carolina Income Tax Return| Instructions
SC1040A | Short State Income Tax Return
SC1040-TC | Tax Credits
If you need South Carolina income tax forms that are not listed here, you can download them from the South Carolina tax forms site.
Or, just simply e-file!
Additional SC state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing SC income tax returns, see the official site of the South Carolina Department of Revenue.
State income tax info:
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